Car Insurance – Why comprehensive? Why Any Workshop is important?

EDIT: Since publishing, we received numerous enquires and we have spoke 1 major car insurance for a bonus deal for 2019:- they will be giving ANY WORKSHOP plans for your comprehensive package! You do not lose time, convenience and value anymore! Contact us soon before the offer ends!

Singaporeans love value for money stuff and car insurance is no difference. Without a doubt, the basic third party coverage is the CHEAPEST car insurance you can find in Singapore. The most value for money car insurance is definitely comprehensive car coverage (note: not from all insurers, only from those with a big network and wants volume)

Car insurance in Singapore are into 3 main car insurance package

1. Third Party Coverage
2. Third Party Plus Fire and Theft Coverage
3. Comprehensive Car Coverage

As we all know, third party is cheapest, comprehensive is the best and most popular insurance selection in Singapore. Cheapest is best if you have no claims throughout the year. Unfortunately, the cheapest means you pay more in a car accident.

Third Party means you pay big in a car accident

Recently, there has been a trend of buyers’ regrets due to the huge price war between the major car insurers. In order to provide competitive bids for motorists, many Singapore car insurance companies are pushing their lowest plans of “Third Party Coverage” to convince car motorists that their insurance is the “cheapest”.

Unfortunately, as motorists find out, cheap does not mean the best. Once an accident occurs, they face big out-of-pocket costs.

Approved Workshops Only- Cheaper but restrictions can be expensive.

Once again, to rein in costs and to “prove” to motorists that their coverage is the cheapest, insurance agents push “Appointed Workshops” or “Approved Workshops” only plans, explaining to consumers that these plans are great cover, with a small discount over the older mainstream plans:- any workshops

Appointed or Approved workshops refer to an insurance coverage where you can only repair your cars at workshops that are selected and approved by the insurers. Any workshop plans refer to the traditional mainstream plans that allow you to visit any car workshop to repair and handle your car accidents.

Unfortunately, this lower priced plans may come at a big inconvenience for affected car motorist.

Disadvantages of Approved Workshops Only

1. Location may not be favourable
2. Workshops may not be ideal for your car make (especially for more unique or continental car models)
3. In an accident, you may have no choice but to resort to whichever tow trucks or workshop is able to handle (you may be injured or dazzled to find out an appointed workshop to use). Claims will be more difficult after this
4. Your usual, or preferred workshop, mechanics etc may not be in your insurance scheme
5. Changing of insurance companies means you keep changing workshops in accident
6. Even if repair time is slow, or no availability of a replacement car at the specified workshop, you have no choice.

Insurance companies tend not to dwell on the disadvantages, given the past few years trend of lower cost and price war.

You are losing out on TIME and CONVENIENCE, something that insurance companies hope you do not mind after the accident. And of course, something that you no longer have a choice since you already bought the plan!

You bought comprehensive plans but yet miss out on the convenience, time and quality by choosing Approved Workshop Only instead of Any Workshops.

Why do people want comprehensive plans but go for “approved workshops only”?

Because they want to save money. And they forgot or ignore the costs in the future. Even insurance companies may not like this in the long term because they get angry customers or frustrated customers:- in an accident, how do you still remain calm, composed and seek out workshops that are reputable, nearby, and STILL IN THE INSURERS’ APPROVED LIST? Especially when you need a windshield replacement, not many workshops would have the factory fitted glass and perform a good job with sealant to prevent leakage.

You are losing a lot on time, convenience and quality of repairs.

Contact HM Consultancy about your concerns and let us find the plans that suit you best:- pricing? quality? long term value? We are experts because we have been in the car industry for decades.

If you have commercial vehicles such as lorries, vans, company cars, you will be glad to meet the specialist for commercial fleet motor car insurance

If you just want to ask for your private personal vehicle, do check out private car motor insurance.